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These days, finding an affordable place to live in the 87402 area can be challenging. Home prices in 87402 are now at a median cost of $215,347, higher than the New Mexico average of $199,923.
The average cost of rent is $1,150/mo in 87402, primarily driven by the current value of real estate in the 87402 area. While nearly 41.58% of residents own their homes outright in 87402, 30.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in 87402 is $5,335 per month. Households that rent pay about 21.56% of their income on rent here. 87402's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 87401, NM: less expensive homes
- 87415, NM: equally priced homes
- 87410, NM: less expensive homes
- 87413, NM: less expensive homes
- 87417, NM: less expensive homes
- 87416, NM: less expensive homes
- 87421, NM: less expensive homes
- 87412, NM: less expensive homes
- 87419, NM: less expensive homes
- 87420, NM: less expensive homes
Zip Codes with Similar Populations
- 68147, NE: less expensive homes
- 31408, GA: less expensive homes
- 31791, GA: less expensive homes
- 32348, FL: less expensive homes
- 33980, FL: less expensive homes
- 38060, TN: equally priced homes
- 45050, OH: equally priced homes
- 46405, IN: less expensive homes
- 50138, IA: less expensive homes
- 53085, WI: less expensive homes
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